Febraban positively evaluates the launch of the Desenrola 3.0 program

Febraban (Brazilian Federation of Banks) welcomed the launch of Desenrola 3.0, announced by the government last Friday (25), aimed at renegotiating outstanding debts.

The federation states that it monitors and participates in initiatives to renegotiate overdue debts implemented by the federal government. According to the entity, these are emergency measures to assist specific audiences in exceptional situations of excessive debt.

Febraban also says that banks are aware of the current default situation, which has compromised the financial well-being of families and the functioning of the credit market.

Among the reasons for the positive evaluation of the program, the entity cites voluntary adherence, respect for market characteristics and the focus on debts with long delays.

"Our expectation is that the implementation of this program can, at the same time, alleviate the financial situation of families and contribute to improving the credit environment", says, in a note, the entity.

HOW WILL DESENROLA 3.0 WORK?

The government intends to purchase, at a discount, a stock of debts of up to R$10,000 that are on banks' balance sheets. The idea is to negotiate debts with consumers and pass on the discounts obtained with financial institutions.

The government plans to hold an auction in November to buy the debts. The offers that grant the biggest discounts will win, which could reach 90%, according to the government.

The forecast is to allocate up to R$15 billion to purchase this stock, which could reach around R$150 billion in debt. The government estimates that R$75 billion will be effectively renegotiated, considering the partial adhesion of creditors and debtors.